| Evergrande Real Estate Group, one of China’s largest listed property stocks, took a pounding Thursday in Hong Kong.
A massive sell-off came mid-morning after Citron Research, a website that bills itself as an independent research outfit, issued a report claiming massive fraud and imminent insolvency at Evergrande. Shares in the Guangzhou-based company fell by nearly one-fifth before recovering to end the day at HK$3.97, down 11.4%...............................................Full Article: Source
|